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Sprint, T-Mobile plan to file deal application to FCC on Monday

Global Business News Reuters - Fri, 06/15/2018 - 13:11
WASHINGTON (Reuters) - Wireless companies Sprint Corp and T-Mobile US Inc have informed the Federal Communications Commission that they will formally file an application asking for approval to merge on Monday, according to a document seen by Reuters.
Categories: Global news, Market News

In SandRidge proxy fight, Icahn's reputation for turnarounds at stake

Global Business News Reuters - Fri, 06/15/2018 - 13:10
HOUSTON (Reuters) - When SandRidge Energy Inc shareholders on Tuesday cast their votes for directors, the only question is how much sway over the embattled oil and gas producer they will hand to activist investor Carl Icahn.
Categories: Global news, Market News

Boeing says assessing possible impact of U.S. tariffs on products

Global Business News Reuters - Fri, 06/15/2018 - 13:06
NEW YORK (Reuters) - Chicago-based planemaker Boeing Co said it is assessing the possible impacts of U.S. tariffs on Chinese goods and any reciprocal action it could trigger on the manufacturer's supply chain and commercial business.
Categories: Global news, Market News

Saudi Arabia plans leaders' summit this year for OPEC, allies: sources

Global Business News Reuters - Fri, 06/15/2018 - 12:57
DUBAI (Reuters) - Saudi Arabia plans to host a leaders' oil summit later this year for OPEC and non-OPEC countries participating in a supply cut pact, two sources familiar with the matter said on Friday.
Categories: Global news, Market News

AT&T CEO says ready to invest, keep culture at Time Warner: CNBC

Global Business News Reuters - Fri, 06/15/2018 - 12:16
(Reuters) - AT&T Inc is committed to spend as much as needed on the media business of newly acquired Time Warner Inc, Chief Executive Randall Stephenson told CNBC on Friday, with a plan to invest $21 billion to $22 billion in the combined company.
Categories: Global news, Market News

Wall Street opens lower as China trade spat intensifies

Global Business News Reuters - Fri, 06/15/2018 - 09:42
(Reuters) - U.S. stock indexes opened lower on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.
Categories: Global news, Market News

SandRidge says approached by 17 potential buyers, including Icahn

Global Business News Reuters - Fri, 06/15/2018 - 09:24
(Reuters) - SandRidge Energy Inc said on Friday it had been approached by 17 potential bidders for a buyout, including billionaire Carl Icahn who is fighting for control of the oil and gas producer's board.
Categories: Global news, Market News

U.S. industrial output dips in May as manufacturing declines

Global Business News Reuters - Fri, 06/15/2018 - 09:21
WASHINGTON, (Reuters) - U.S. industrial production fell slightly in May amid a sharp drop in manufacturing output, the Federal Reserve said on Friday.
Categories: Global news, Market News

Wells Fargo settles retail sales lawsuit for $142 million

Global Business News Reuters - Fri, 06/15/2018 - 09:16
(Reuters) - Wells Fargo & Co said on Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of phony bank accounts.
Categories: Global news, Market News

Qualcomm-NXP deal still waiting for China nod: sources

Global Business News Reuters - Fri, 06/15/2018 - 09:13
BEIJING/SHANGHAI (Reuters) - China is yet to approve U.S. chipmaker Qualcomm Inc's proposed $44 billion acquisition of NXP Semiconductors , three people close to the talks said, dismissing an earlier media report that said Beijing had already greenlit the deal.
Categories: Global news, Market News

Volcker 'fix' may cause new headaches for Wall Street

Global Business News Reuters - Fri, 06/15/2018 - 07:06
WASHINGTON (Reuters) - A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars' worth of assets not currently caught by the regulation.
Categories: Global news, Market News

HSBC battles entrenched locals, past mistakes in U.S. credit card push

Global Business News Reuters - Fri, 06/15/2018 - 06:52
LONDON (Reuters) - HSBC's push into credit cards and personal loans in the United States will be no easy task as the bank faces entrenched domestic rivals and the legacy of a previous disastrous foray into U.S. lending.
Categories: Global news, Market News

AT&T closes $85 billion deal for Time Warner

Global Business News Reuters - Thu, 06/14/2018 - 21:25
WASHINGTON (Reuters) - AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay.
Categories: Global news, Market News

How Reuters reported the AT&T-Time Warner ruling first

Global Business News Reuters - Thu, 06/14/2018 - 20:41
(Reuters) - For U.S. media companies and investors, it was the ruling of the decade.
Categories: Global news, Market News

German probe into alleged VW market manipulation could wrap up this year

Global Business News Reuters - Thu, 06/14/2018 - 07:50
BRAUNSCHWEIG, Germany (Reuters) - German prosecutors could wrap up an investigation into alleged market manipulation by senior Volkswagen executives this year, the prosecutors said on Thursday, after ordering the carmaker to pay 1 billion euros to settle claims of emissions cheating.
Categories: Global news, Market News

Euro goes up as ECB prepares to wind down

Global Business News Reuters - Thu, 06/14/2018 - 07:26
LONDON (Reuters) - The euro rose to its highest in a month but world stocks wilted on Thursday, as the European Central Bank prepared to pull the plug on its 2.55 trillion-euro, three-year stimulus program.
Categories: Global news, Market News

Unilever signals likely FTSE exit as Brazil strike hits sales

Global Business News Reuters - Thu, 06/14/2018 - 07:23
LONDON (Reuters) - Unilever is "extremely unlikely" to stay in Britain's FTSE 100 blue chip share index after the consumer products company moves its headquarters to the Netherlands.
Categories: Global news, Market News

Rolls-Royce cuts 4,600 jobs at 'pivotal moment' for business

Global Business News Reuters - Thu, 06/14/2018 - 07:21
LONDON (Reuters) - Rolls-Royce is to cut 4,600 jobs over two years in the latest attempt by boss Warren East to reduce costs and complexity and make Britain's best known engineering company more profitable and dynamic.
Categories: Global news, Market News

Gloves back on, OPEC and U.S. shale producers to deepen ties in Vienna

Global Business News Reuters - Thu, 06/14/2018 - 07:08
HOUSTON (Reuters) - Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict.
Categories: Global news, Market News

Wall Street wants more female traders, but old perceptions die hard

Global Business News Reuters - Thu, 06/14/2018 - 06:20
NEW YORK (Reuters) - As a biomedical engineering student at Duke University, Priya Karani thought she did not have the right skills to break into the heavily male-dominated field of Wall Street trading.
Categories: Global news, Market News
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